NYMEX NatGas Price Begins Climb Once Again, Up $0.49 Yesterday

Trying to follow the ups and downs of natural gas prices--predicting where prices will go--will drive you crazy. A little over one month ago, the NYMEX front-month futures price for natgas was hitting new modern highs, closing in on $10/MMBtu (see NYMEX Gas Price Huge Spike of $0.80, Flies by $9, Heading for $10). Then, within a few weeks, the price crashed, down in the mid-$5 range (see NYMEX NatGas Price Drops 20% in Single Day re Freeport LNG, Storage). Now the NYMEX price is swinging back up again, up 6% ($0.42) to close at $7.48 yesterday. Where is the price heading next?

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